WalletConnect is an open-source protocol designed to securely connect cryptocurrency wallets with decentralized applications (DApp) without exposing private keys or relying on browser extensions. It establishes an encrypted channel through QR code scanning or deep linking, supporting cross-platform and cross-device interactions, and has become a key component of Web3 infrastructure. Its core features include:
Chain Agnosticism: Compatible with multiple blockchains such as Ethereum, Solana, Cosmos, etc., facilitating over 150 million connections, covering 600+ wallets and over 40,000 DApps.
Security Mechanism: End-to-end encryption and decentralized database technology are used to ensure user data privacy.
$WCT is the native token of the WalletConnect network, launched for trading in April 2025, with main functions including:
Governance and Staking: Holders can participate in protocol upgrade voting and stake to earn rewards.
Economic Model: Initial issuance of 1 billion tokens, with a circulating supply of about 186 million tokens (as of June 2025), and a market cap of approximately $216 million.
Multi-chain Expansion: Issued based on the Optimism mainnet and expanded to ecosystems like Solana, incentivizing user participation through airdrops.
Recent dynamics show that the $WCT price is highly volatile, reaching a historical high of ¥9.63, currently about ¥2.35 (data as of June 30, 2025). Its long-term value depends on network usage growth and ecological expansion.
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